JEFFERSON PLACE

Jefferson Place

Frederick, MD Multi-Family

Background

In 2015 Blue Heron secured an opportunity to co-invest in the development of a well-located, 228-unit apartment community within a mixed-use planned development in Frederick, MD. The developer of the community, Bainbridge Companies, is a group with whom Blue Heron has invested in the past (REALM Patterson Place in Durham, NC; Fund I).

Achievements

Closing on the land occurred in November of 2015 and construction commenced shortly thereafter

The first apartments were delivered in early 2017, and stabilization is anticipated by late 2017/early 2018